The Federal Communications Commission is set to raise the 25 percent investment limit on foreign investment in U.S. radio and TV stations. Acting chairwoman Mignon Clyburn put the item on the commission's agenda for its Nov. 14 meeting.
Minority Media and Telecommunications Council
Acting Federal Communications Commission chairwoman Mignon Clyburn may be keeping the seat warm for nominee Tom Wheeler, but she isn't sitting on her hands. Over the weekend, Clyburn put a study on the impact of cross-media ownership on minorities and women up for comment.
One of the biggest arguments against liberalizing the cross-ownership of media properties in a local market—that it would limit minority and female ownership—was shot down in a study conducted as part of the Federal Communications Commission's long-overdue review of media ownership rules.
Here's a shocker: The Federal Communications Commission's proceeding on media ownership rules is now officially on hold pending an impact study on how cross-ownership affects minority ownership. It could be late spring, even summer, before the proceeding, already two years behind schedule, starts rolling again.